Reeler
Decade of Pure EV Driving
Spoke today with my delivery specialist and my FbR Model X is about to enter production at the factory. He now says that FbR will be mixed in with the Signatures. That may mean early January is my speculation.
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Model X Founder Series - Facts
- Thread starter SQLCPH
- Start date
Spoke today with my delivery specialist and my FbR Model X is about to enter production at the factory. He now says that FbR will be mixed in with the Signatures. That may mean early January is my speculation.
g-force
Member
Marcus Adolfsson
Member
No delivery or in production notice yet, but I noticed that in My Documents on the Tesla site there is now a document "MX Program Referral" that has the updated invoice. Total $144,950 and then a $28,250 credit, net $116,700 (same as production P90D with delivery fee). I don't understand why they keep insisting that taxes will be based on the total amount before the credit ($8,697 based on my 6% rate).
However an equivalent production P90DL would be $151,450, so the "true" savings are $34,750.
However an equivalent production P90DL would be $151,450, so the "true" savings are $34,750.
Interesting ... thanks for the info .... I'm still waiting to configure from my the link ..... haven't decided on color ...
You're in FL and per What New Car Fees Should You Pay? on Edmunds.com, your state has a yes for "Are Rebates Taxed", just like mine. Perhaps that's why?
Reeler
Decade of Pure EV Driving
I am #65.
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I found the updated invoice too. I wish they just discounted our car according to our referral credit. Other car manufacturers discount their cars all the time and it is not unusual to have a $30K discount on cars that cost six figures. I am sure Tesla is still making a profit off our cars too.
Marcus Adolfsson
Member
It's not a rebate, it's a discount...... they can't charge sales tax on it.... I got $29k off my P90DL as part of the referral program ($24k for referrals and $5k for inventory car), and sales tax was taken on the amount I paid for the car....
Marcus Adolfsson
Member
I guess it is up to Tesla if they want to treat it as a "rebate" or "discount" (confusingly the paperwork shows it as a credit) - but I feel they should pick the option that is most beneficial for the buyers.
Separately I have 9k left in Tesla credits that I can't apply to the X, not sure what to do with it. Already bought a winter tire set for a friend and a wall charger.
My DS has been advocating on my/our behalf for a few days on this issue. The standard price for a founder's edition is 115.5k. We won the right to buy a founder's edition. It's not a rebate or a discount. We're paying the standard price. We should not have to pay sales tax on an inflated amount. In VA in addition to sales tax we pay an annual personal property tax based on the residual value. If Tesla maintains this position it's going to cost me a lot more. We were planning on getting a 90D and not the P90D, and with the additional tax the benefit to me from the program is essentially nullified. Please Tesla do the right thing here.
MSRP on the Founder edition appears to be the same as the Signature edition: $132,000 to start plus up to $11,750 for Ludicrous, Cold Weather, and Towing. You won the right to buy a fully loaded Founder edition for the price of a base model P90D, but that does not make it the standard price. Historically everyone has paid MSRP for Teslas, and only since the referral program has this begun to change. Tesla may not yet fully understand how to handle these discounts.
When buying a car from a conventional dealership, there are two numbers that matter when determining how much tax you pay. Since hardly anyone pays MSRP, the dealer must first come up with an agreed upon sales price that establishes the taxable value of the vehicle. Any discounts or rebates offered by the manufacturer are then subtracted off this price but are considered taxable. Here is where things get confusing with Tesla. Since they are acting as both the manufacturer and dealer, are they agreeing to sell you the car for $115,500, or are they giving you a $28,250 discount? The way they worded the referral program may have implied the former, but tax laws written around franchised dealers could force the latter. Good luck with your argument, but I could see it going either way.
Congo Line
(not the dance)
Does anyone have a guess as to which color seats Mark (Founder #3) has in his MX? iCloud Photo Sharing
It looks too light to be black, and too dark to be tan. I would say it looks gray, but based on the discussion here, it looks like Founders models have same upholstery config options as non-Founders.
It looks too light to be black, and too dark to be tan. I would say it looks gray, but based on the discussion here, it looks like Founders models have same upholstery config options as non-Founders.
g-force
Member
I'm interested in window sticker msrp that will be on the referral X cars
anyplace to find this?
anyplace to find this?
They are black. With light shining directly on them they may appear to be lighter, but that is just an optical illusion. Tesla only offers 3 colors of seats on Model X - white, tan, and black - and Founders are no exception.
g-force
Member
I emailed inside sales contact to see if my car was in production and I received this:
While I cannot say with complete assurance, given that we have generated a VIN for your Founders Model X I suspect that it has reached the production queue. If he hasn’t already, your Delivery Specialist should be reaching out in the near future and will be a great point of contact for questions regarding production or delivery.
While I cannot say with complete assurance, given that we have generated a VIN for your Founders Model X I suspect that it has reached the production queue. If he hasn’t already, your Delivery Specialist should be reaching out in the near future and will be a great point of contact for questions regarding production or delivery.
So, I heard back from my DS. Unfortunately, the news is disappointing; Tesla is going to list the MSRP for the the FbR cars as 132k, and then add the cost of the options you select at standard pricing. This will be the selling price, and all taxes and registration fees will be based on this amount. A referral program credit will then be applied, equal to an amount to leave the remaining balance as 116,700 including the $1200 doc and transport fee.
I provided feedback to my DS to pass up the food chain that it was a disappointing outcome, and imho, Tesla could have done a better job thinking through how these transactions would be accounted for before they announced the referral program, and provided better transparency via the program's terms and conditions. While inadvertent, Tesla needlessly soured the experience for some of its' most prolific supporters.
I'm going to leave it at that.
Cheers...
I provided feedback to my DS to pass up the food chain that it was a disappointing outcome, and imho, Tesla could have done a better job thinking through how these transactions would be accounted for before they announced the referral program, and provided better transparency via the program's terms and conditions. While inadvertent, Tesla needlessly soured the experience for some of its' most prolific supporters.
I'm going to leave it at that.
Cheers...
Marcus Adolfsson
Member
The "good" news with this arrangement for us that are financing, is that the loan ratio will be based on the sales price ($144,950 in my case). Instant 20% down means one can finance 100% of the cash due.
You can get 100% financing from many banks and CUs. Alliant, for example. You might be able to forego gap insurance though, if you don't buy replacement coverage from your insurance company.
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